News and articles
EHI: AI is revolutionising retail
According to a new study by EHI, there is great potential in using generative AI in retail trade. This article is available for reading in Trade magazin 2024/11 IT consultancy...
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AM: From January 1, buyers must pay producers within 30 days
From January 1, buyers must pay producers within 30 days. The 30-day payment deadline for agricultural and food products has been a requirement since 2012, but – in order to...
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Tata Consumer Products to grow Starbucks cafes in India to 1000
Tata Consumer Products (TCPL) is set to capitalise on the expanding coffee market in India by scaling up its cafe operations through its joint venture, Tata Starbucks. MD and CEO...
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52 percent of agricultural machinery investments were spent on power plants
Individual farms and corporate enterprises purchased new agricultural machinery and equipment worth 135.2 billion forints in the January-September 2024 period, which was 41 percent lower than the turnover a year...
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Nébih: Lidl Hungary has recalled and withdrawn its Advent calendar sweets from circulation
Lidl Hungary has recalled and withdrawn its 75-gram Advent calendar (chocolate) from circulation due to a sensory problem, the National Food Chain Safety Office (Nébih) told MTI. Nébih asks customers...
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KSH: Agricultural output in 2024 fell by 8.0 percent compared to the previous year
The total output of agriculture in 2024 amounted to over 4.0 thousand billion forints, falling by 8.0 percent compared to the previous year. The decrease was caused by a combined...
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Drop in alcohol consumption in France driven by wine, study says
The fall last year was attributed mostly to a 4.2% decline in wine sales volumes year-on-year. A fall in wine consumption in France drove a drop in the sales of...
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Aldi opened nearly 120 stores in 2024
Fast-growing discount grocer gets closer to its goal of opening 800 new stores by 2028 ‘Tis the season for Spotify Wrapped—the music streaming service’s annual recap of users’ individual listening...
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EU and Mercosur countries reach political agreement on planned free trade agreement
The European Commission and representatives of Mercosur countries have concluded negotiations on a free trade agreement and reached a political agreement on its conclusion, the Brussels-based executive body announced on...
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CSR Hungary: Awards for the best
In 2024, the 17th edition of the Hungarian Business Responsibility Award, the CSR Hungary Award, was ceremoniously presented on November 15, 2024, at the Gundel Palace. The winners included large...
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The “Green Personality of the Year 2024” award was presented at the GREEN BRANDS regional Sustainability Gala!
Outstanding efforts for sustainability and environmental protection were recognized as companies, prominent brands, and individuals were awarded at the GREEN BRANDS® Regional Gala in Vienna on December 3, held at...
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The 25th anniversary of Hungarian Entrepreneurs’ Day was held
The 25th Jubilee of the Hungarian Entrepreneurs’ Day was celebrated on December 6, 2024, in Budapest, at the MÜPA. At the event, János Eppel, President of the National Association of...
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This year, Trade magazine is asking its readers for their opinions on Christmas TV commercials! Vote for yourself!
The public vote will take place between December 12 and 19, 2024. The owner of the advertising brand that receives the most votes (whether it is a manufacturer, retailer or...
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FAO: Global food prices rose to more than a year-and-a-half high in November
Global food prices rose to their highest level since April 2023 in November, according to data published on the website of the Food and Agriculture Organization of the United Nations...
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Tesco’s new 100,000 square meter logistics center in Hungary has been opened
On November 27, CTP Hungary ceremoniously handed over Tesco Global Zrt.’s new 100,000 square meter logistics center near Szigetszentmiklós, which was built as part of a greenfield investment on a...
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This is how Hungarians shopped for Christmas this year
Christmas is one of the most cherished times of the year, filled with the joys and challenges of gift-giving. A recent survey conducted by Pepita.hu, involving more than 4,000 participants, provides...
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In addition to traditional flavors, more and more special flavors of szaloncukor are diversifying the range
From traditional flavors to candies made with special fruits and spices, consumers can choose from an extremely wide range of products this year. According to the overview of the National...
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Nébih experts examined vegetable and fruit food rescue packages
The Pro Filii Foundation, which coordinates the charitable activities of the Mészáros Group, organized its usual Advent food donation program for the fifth time. This year, the organization, with the...
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Legal pálinka production in crisis: tax-free private distillation distorts the market
The situation of Hungarian commercial pálinka distilleries continues to deteriorate, their turnover has reached a record low, while the market is increasingly dominated by distillates made for private use but...
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Mihály Varga: the Hungarian economy successfully received the last credit rating of this year
“This year alone, the credit rating agencies have assessed Hungary 12 times, and despite the deterioration of external conditions, they have kept our country in the investment grade category every...
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Nébih: 7 out of 25 “rescue packages” were on the verge of compliance from a food safety perspective
The National Food Chain Safety Office (Nébih) recently conducted a product test under its Szupermenta program, focusing on fruit and vegetable food rescue packages. These increasingly popular packages, often available through mobile...
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Challenges in Hungarian Grain Production: Focus on Quality and Sustainability
At the Portfolio Agrárszektor 2024 Conference, industry experts revealed that 60% of Hungary’s corn harvest is unsuitable for food production, leading to a loss of key export markets, including Italy. Although this...
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A light truck delivers sweets – Waberer’s supports ten thousand children in need on Santa Claus’ Day
Waberer’s, which regularly participates in the delivery of donations to the Hungarian Maltese Charity Service throughout the year, has decorated its truck with festive lights. This year, on Christmas Eve,...
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Christmas rush: parcel traffic doubles during the holidays
During the holiday season, parcel traffic related to online orders increases significantly, which places a heavy burden on parcel delivery services and post offices. Parcel carriers are warning customers to...
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Production of the original Mozartkugel has stopped in Austria
The confectionery company Mondelez has closed the factory on the outskirts of Salzburg where the “Echten Salzburger Mozartkugel” named after the composer Mozart was made for 127 years, the Austrian...
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Hungarian companies are optimistic about climate change
According to EY’s international research, the majority of Hungarian companies are optimistic about meeting their climate targets, and 70% are confident that they will reach their sustainability goals. This article...
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Researchers from the University of Debrecen examined the role of sweet corn in preserving health
Researchers from the University of Debrecen (DE) examined the increase in the yield of sweet corn and its role in preserving and improving human health: the four-year project, carried out...
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The future of automated stores: Unmanned stores may appear in Hungary too
Coop Szeged Zrt. will soon take its store network to a new level by introducing automated technologies. According to the company, the Coop unit on Szent István Square may be...
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Smartphone payments turnover increased by 180 percent in two years
In ten months, K&H customers spent more than 469 billion forints with smart devices. This is 58 percent more than a year earlier, while compared to the same period in...
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The Success of Rosé Wines: The Triumph of Fruitiness and Freshness
Rosé wines uniquely blend the rich flavors of red grapes with the freshness and vibrancy of white wines, making them a highly sought-after segment in the Hungarian wine market. At...
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